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Introduction To Presentation

Introduction To Presentation. The following presentation was made by K.Forbes President IPM to the SEIIC conference held in Iran Dec.2003. The aim of the presentation was to establish SLB as an alternative means for NIOC/PEDEC to develop or redevelop national assets

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Introduction To Presentation

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  1. Introduction To Presentation • The following presentation was made by K.Forbes President IPM to the SEIIC conference held in Iran Dec.2003. • The aim of the presentation was to establish SLB as an alternative means for NIOC/PEDEC to develop or redevelop national assets • The presentation was given in a tone and context which stressed how Major Service Companies have adapted to meet the needs and aspirations of NOCs which have become a significant part of their client portfolio over the last 20 years • Speaker notes are available and should be consulted • Carl Trowell, Dec 2003

  2. Collaborative Projects Between National Oil companies and MSCs Kevin Forbes President – Schlumberger Integrated Project Management

  3. The Rising Production from NOCs – MMb/d 1972 2001 Rank Company Production Share Company Production Share 1 Exxon 5.0 10.8% Saudi Aramco 8.3 10.8% 2 BP4.7 10.1%NIOC, Iran 3.8 4.9% 3 Shell 4.2 9.0% PEMEX, Mexico 3.6 4.6% 4 Texaco 3.8 8.2% PDVSA, Venezuela 3.0 3.9% 5 Chevron 3.2 7.0% ExxonMobil2.5 3.3% 6 Gulf 3.2 7.0% INOC, Iraq 2.4 3.1% 7 Mobil 2.3 5.0% Shell 2.2 2.9% 8 Former Planned 1.3 2.8% CNPC, China 2.1 2.7%Economies 9 CFP, Total 1.0 2.1% ChevronTexaco 2.0 2.6% 10 Sonatrach, Algeria0.9 2.0%BP 1.9 2.5% 11 Amoco 0.8 1.8% KPC, Kuwait 1.8 2.3% 12 Arco 0.7 1.4% Total 1.5 1.9% 13 Du Pont 0.6 1.3% NNPC, Nigeria 1.4 1.8% 14 USX, Marathon 0.5 1.0% Petrobras1.4 1.8% 15 PEMEX, Mexico 0.4 1.0%Sonatrach, Algeria 1.3 1.7% 16 Occidental 0.4 1.0% ADNOC 1.3 1.6% 17 Gerry 0.4 1.0% Lukoil1.2 1.6% 18 Sun 0.4 0.8% Libya NOC1.2 1.5% 19 Unocal 0.4 0.8% Yukos1.2 1.5% 20 Phillips 0.3 0.7% ConocoPhillips 1.0 1.3% Source: Company reports, EIA Petroleum 1996, Issues and Trends, IEA analysis

  4. The Evolution of NOCs Efficient Production of National Reserves World Leading Production Companies Major Producers Reserve Holders International Expansion

  5. National Oil Companies • Efficiently develop national reserves by accessing world-class technologies and processes • Develop indigenous E&P companies capable of developing national reserves • Build expertise & independent capabilities

  6. Industry Evolving to Meet NOC Requirements • NOC defines operational strategy and needs • NOC develops strategic contracting strategies to develop hydrocarbon reserves • Major Service Companies have adapted their business to meet the needs of NOCs for engineered solutions

  7. Capabilities of a Major Service Company • Global experience & knowledge • World-class technologies and services • Expertise in the selection, integration and application of technology • Engineering resources and expertise • Project Management expertise • Multicultural People & Perspective • Local expertise

  8. Complimentary Expertise & Roles • National Oil Company • National vision & Reserve Ownership • Generate Revenue from hydrocarbon production • Market infrastructure and export expertise • Local operating knowledge and experience • Define the contracting strategy • Major Service Company • Global experience • Generate Revenue from Service Provision • Technology & technology integration expertise • Engineering Processes & Systems

  9. Project Relationships NOC Strategic Management Outsourced Project Execution by Service Company Collaborative Project Execution by joint team Training, Development & Skills Transfer

  10. Three Project Scopes 1.Full Project Responsibility 2. Sub-Project Responsibility 3. Component Responsibility

  11. NOC Collaborative Projects

  12. NOC Responsibilities Overall Strategic Management Major Development Scenario Plan Asset Management Ownership, Export & Marketing of Hydrocarbons Service Company Responsibilities Subsurface engineering to Optimize FDP Optimize well placement Drilling & Completion of 250 wells Provide & Manage 3 Drlg. rigs Infrastructure & facilities construction Flow lines & gathering stations – well tie-in All logistics & civil works Project Management of these deliverables Integrated Field Construction

  13. Joint NOC & Service Co, Responsibilities Develop a new reservoir model Define Field Redevelopment plan Execute development plan Ongoing subsurface management Production optimisation New technology introduction Integrated Field Rehabilitation 10 year collaborative project to Redevelop the field Increase production rates Introduce new technology Increase ultimate recovery

  14. Summary • MSC’s have significant local experience, but can draw upon global expertise • MSC’s are undertaking collaborative and outsourced projects for NOCs throughout the world • These projects provide NOCs with direct access to world-class technology, engineering and processes • Schlumberger has a division dedicated to managing and executing such projects

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